Teck Resources (TSE:TECK.A) Shares Cross Above 50 Day Moving Average – Here’s Why

Teck Resources Limited (TSE:TECK.A) shares crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$62.19 and traded as high as C$63.97. Teck Resources shares last traded at C$62.18, with a volume of 924 shares traded.

Teck Resources Trading Up 0.3 %

The company has a market cap of C$473.81 million, a P/E ratio of 22.29 and a beta of 1.37. The company has a current ratio of 1.48, a quick ratio of 0.97 and a debt-to-equity ratio of 37.46. The business has a 50 day moving average price of C$62.19 and a 200-day moving average price of C$64.71.

Insider Activity at Teck Resources

In other news, Director James Kitchener Gowans bought 3,900 shares of the firm’s stock in a transaction dated Wednesday, November 13th. The shares were bought at an average price of C$63.23 per share, with a total value of C$246,600.12. 75.91% of the stock is owned by company insiders.

About Teck Resources

Teck Resources Limited engages in exploring for, acquiring, developing, and producing natural resources in Asia, Europe, and North America. The company operates through Steelmaking Coal, Copper, Zinc, and Energy segments. Its principal products include copper, zinc, steelmaking coal, and blended bitumen.